IMPETUS Capital To Invest Total of 900,000 Euro in Three Startups in SEE

IMPETUS Capital, through its program for supporting space, mobility, and commerce will invest a total of 900,000 euro in three startups in Southeast Europe.

IMPETUS will invest 300,000 euro for a 10% stake in three selected companies, the company said in a statement.

The winners will be chosen through a multi-stage process, culminating in a pitch event in the Bulgarian capital, the statement added.

The eligible companies should have or are on track to generate first sales and annual revenue under one million euro.

Also, the companies should be based in Bulgaria, Greece, or Romania, or to have Bulgarian, Romanian, or Greek founders, it added.

(Image: Pixabay)